238 3rd Ave · Heilwood, PA 15745

$39,900

3 bd · 1.0 ba · 1,228 sqft · SingleFamily public records · 10 Days on market

Built 1906 4,356 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.0/5.0

Listing remarks MLS

Great potential for this two story 3 BR home on level lot. Remodeled kitchen. Oil, forced air heat. foundation needs repaired. Would make a great investment property.

Key facts

• Remodeled kitchen
• Level lot
• Investment property

Tags

• TWO STORY
• REMODELED KITCHEN
• LEVEL LOT
• INVESTMENT PROPERTY

Property features AI

Exterior

• Utilities: Public water; Public sewer / sewer available
• Home design: Single-family residence; Two levels (2 stories)
• Construction: Vinyl siding
• Exterior features: Shingle roof; Lot approximately 40 x 106 (0.1 acre); Zoned residential

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Oil heat
• Interior features: Forced air heating (oil)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $630 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).

Location & tenants

• Location reads 40/100 on livability (#1,742 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools D, amenities F, commute F.
• Penns Manor Area SD (rural): math 24% / reading 47% proficiency, ranked #410 of 539 in PA (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1 active listings in the ZIP; 44 units permitted in Indiana County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($276 loan paydown + $1k appreciation (3.0% local appreciation)).
• Indiana County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,900

Questions for the listing agent

1. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.94% ✓
• Cap rate: 25.23%
• Cash-on-cash: 67.63%
• DSCR: 4.01
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $181,744
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27 Chestnut St	0.26mi	2/1.0 (-1)	1,162 (-5%)	3mo	$34,999	$30	71
6965 Route 403 Hwy N	0.47mi	3/1.0	1,220 (-1%)	15mo	$180,000	$148	65

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 72.3%
• Equity multiple: 5.02×
• Total profit: $44,939
• Equity at exit: $17,941

10-year hold

• IRR: 71.9%
• Equity multiple: 10.29×
• Total profit: $103,826
• Equity at exit: $27,649

Cash invested: $11,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 15745

• Active inventory: 1
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,172 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$71 /mo · $849/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $630

Break-even live

Break-even rent $375

Max offer price $39,900

Occupancy floor 41%

Sensitivity live

Price	-10% $652	-5% $641	+0% $630	+5% $618	+10% $607
Rent	-10% $537	-5% $583	+0% $630	+5% $676	+10% $722
Rate	-1.0pp $650	-0.5pp $640	base $630	+0.5pp $619	+1.0pp $609

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-19
   days on market $39,900 Active 10 DOM
2. 2026-06-18
   days on market $39,900 Active 9 DOM
3. 2026-06-17
   days on market $39,900 Active 8 DOM
4. 2026-06-16
   days on market $39,900 Active 7 DOM
5. 2026-06-15
   days on market $39,900 Active 6 DOM
6. 2026-06-14
   days on market $39,900 Active 4 DOM
7. 2026-06-12
   days on market $39,900 Active 3 DOM
8. 2026-06-09
   remarks 166-char remark

   Show marketing remark (166 chars)

   Great potential for this two story 3 BR home on level lot. Remodeled kitchen. Oil, forced air heat. foundation needs repaired. Would make a great investment property.

9. 2026-06-09
   listed $39,900 Active 1 DOM

   Show marketing remark (166 chars)

   Great potential for this two story 3 BR home on level lot. Remodeled kitchen. Oil, forced air heat. foundation needs repaired. Would make a great investment property.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $849 · $71/mo
• Projected year-2 tax: $849 · $71/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,070
• − Mortgage interest: −$2,235
• − Property taxes: −$849
• − Insurance: −$200
• − Repairs & maintenance: −$1,126
• − Management: −$1,126
• − Depreciation: −$1,161
• Taxable income: $7,374
• Est. tax owed @ 24.0%: −$1,770
• After-tax cash flow: $5,786/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Penns Manor Area SD
• NCES district ID: 4218780
• Math proficiency: 24% ▼ -16.00%
• Reading proficiency: 47% ▼ -9.00%
• Median HH income: $46,434
• Composite: 30.33/100
• National rank: #6271
• State rank: #410 of 539 in PA

Livability — Heilwood

• Score: 40/100
• State rank: #1742
• US rank: #27303

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing F Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Heilwood, PA
• City population: 229
• Population (ZIP): 229

Population outlook (Indiana County) Hauer SSP2

• Today (2025): 84,294 people
• By 2030: 81,773 · -3.0%
• By 2040: 75,213 · -10.8%
• By 2050: 69,348 · -17.7%
• By 2075: 57,951 · -31.3%
• By 2100: 47,313 · -43.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (100%)
• Race & ethnicity: White 100%
• Common ancestry: Romanian 4% Serbian 3% Scotch-Irish 1%

Political lean MEDSL · Indiana

• 2024 margin: Solid R (+39.1) · D 30.1% · R 69.2%
• 2008→2024 swing: -32.0pp toward R · 2008: -7.1pp · 2024: -39.1pp
• All cycles: 2024: R+39.1 2020: R+37.5 2016: R+35.6 2012: R+18.8 2008: R+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+0.0% since first listed

2 events — show timeline

• 2026-06-09 Listed $39,900 CSMLS
• 2026-06-09 Listed $39,900 AHARMLS

Property tax history

+5.9%/yr

Latest (2026): $849 · +4.1% YoY. Source: county tax records.